158
158
Dec 10, 2012
12/12
by
CNBC
tv
eye 158
favorite 0
quote 1
now you get china. if europe can stabilize, i think we can go much higher. >> how many days, if you add headline that monty was thinking about, going out and bursceloni was thinking about coming back. follow me on twitter. and "power lunch" begins right now. >> halftime is over. "power lunch" and second half of the trading day starts right now. >> and here we are. welcome to "power lunch." as you can see, we are beth here on the floor of the new york stock exchange. and stocks are higher as fiscal cliff song and dance continues in washington. mr. boehner says he is waiting for a proposal from this gentleman, the president. president obama. and the president is set to speak about the cliff and the a economy later today. >> i thought i was supposed to come here today. you thought you were supposed to come here today. so we are both here. not really, folks. a lot of talk today is about what investors should do if we go over the cliff. what should we do if there is a debt deal before year-end or shortly the
now you get china. if europe can stabilize, i think we can go much higher. >> how many days, if you add headline that monty was thinking about, going out and bursceloni was thinking about coming back. follow me on twitter. and "power lunch" begins right now. >> halftime is over. "power lunch" and second half of the trading day starts right now. >> and here we are. welcome to "power lunch." as you can see, we are beth here on the floor of the new...
196
196
Dec 11, 2012
12/12
by
CNBC
tv
eye 196
favorite 0
quote 0
china's m.o. is this. they basically buy american companies, strip them of technology and ship the jobs to china. case in point would be brantley helicopter. used to be in texas. 2009 china buys it. now all the production facilities are in jindao. this is the problem. the promise to keep the plant going. now a-123 is interesting. they have cutting edge technology which will be exported to china. that's the bigger issue. one company at a time, larry, is going over to china, helping to build their industrial base. and the other thing -- >> hang on a second. this is an important point. ann lee, i'd like to get something from this. okay? if the u.s. foreign investment advisory board okays the deal, fine. but they counterfeit our goods. the chinese have a lot to answer for. shouldn't we make a deal? we let them buy the company but we should make a deal and they should somehow stop all the pirating of our technology? >> i think the chinese government is already trying to crack down on counterfeiting and other th
china's m.o. is this. they basically buy american companies, strip them of technology and ship the jobs to china. case in point would be brantley helicopter. used to be in texas. 2009 china buys it. now all the production facilities are in jindao. this is the problem. the promise to keep the plant going. now a-123 is interesting. they have cutting edge technology which will be exported to china. that's the bigger issue. one company at a time, larry, is going over to china, helping to build...
174
174
Dec 10, 2012
12/12
by
CNBC
tv
eye 174
favorite 0
quote 0
we had better data out of china last week. household net worth increased by $1.7 trillion which was a big number for the fed. it says the bernanke policies are working. in terms of clients what they're doing, obviously there's a lot of clouds on the horizon short-term. but longer term, it's positive. so right now towards the end of the year what we've been seeing is a lot of accounts looking to take out short positions and stocks that have been hef sli shorted. so you've seen stocks like sears holdings, jcpenney, hewlett-packard, facebook, all those types of stocks that have a high short interest. since there's not a lot of clarity outside in terms of the fiscal cliff, they're going after those shorts and pressing them to the table. [ overlapping speakers ] >> -- quality dividends. if you see volatility happening, it's going to strong balance sheets. buy stability, protection, fundamentals. >> and remember that every central bank in the world is full bore in the mote. it's just a matter of time when that velocity picks up. we
we had better data out of china last week. household net worth increased by $1.7 trillion which was a big number for the fed. it says the bernanke policies are working. in terms of clients what they're doing, obviously there's a lot of clouds on the horizon short-term. but longer term, it's positive. so right now towards the end of the year what we've been seeing is a lot of accounts looking to take out short positions and stocks that have been hef sli shorted. so you've seen stocks like sears...
70
70
Dec 26, 2012
12/12
by
CNBC
tv
eye 70
favorite 0
quote 0
it's not in china play. no, they have a small percentage of their sales in china and some tourist business here so you can forget about that, but even if it were, china sales are down. >> and i think we're saying the same thing in essence. my belief is, look, they're coming after this consumer discretionary spending. they came after the luxury end. they came after coach. there's not much juice to squeeze out. on the other side of that that gives the potential for coach to rally. >> i'd rather go to nordstrom. i'd rather play the luxury end. >> why nordstrom? >> i'm not counting on coach and coeurs. the high end consumers, there are have i few places for them to go in terms of broad line. >> the high end consumer rolls over altogether both you guys lose? >> absolutely. what i'm saying is that you're going to lose less. in the luxury space i mentioned before tiffany, i think the benefit that you have with tiffany, this is another name that you could play, is you've got that exposure to the potential recovery i
it's not in china play. no, they have a small percentage of their sales in china and some tourist business here so you can forget about that, but even if it were, china sales are down. >> and i think we're saying the same thing in essence. my belief is, look, they're coming after this consumer discretionary spending. they came after the luxury end. they came after coach. there's not much juice to squeeze out. on the other side of that that gives the potential for coach to rally. >>...
65
65
Dec 28, 2012
12/12
by
CNBC
tv
eye 65
favorite 0
quote 0
all of those things lead us to be believers in the china story. on europe we've been early and big believers in the draghi road map. yes they're in a mild recession. we think they come out of it in the second half. >> which is why i'm going more toward the second half. >> but the debt markets, the sovereign credit markets we think remain stable. and u.s. equities are more correlated to the spanish and italian bond yields than they are to european gdp. we likehe european influence next year. >> let's say your focus is more on the united states right? if you're buying stocks, you believe your thesis that we're going to get to 1550 at a minimum consumer discretionary is tops on your list the second best performing sector this year behind financials. you think that continues to work why? >> we've seen profit taking on the cliff but by the same token this is an area that has the most to gain if we get a cliff deal and that is our base case. we also like industrials. there we don't think the china recovery and the better tone in europe are fully priced.
all of those things lead us to be believers in the china story. on europe we've been early and big believers in the draghi road map. yes they're in a mild recession. we think they come out of it in the second half. >> which is why i'm going more toward the second half. >> but the debt markets, the sovereign credit markets we think remain stable. and u.s. equities are more correlated to the spanish and italian bond yields than they are to european gdp. we likehe european influence...
111
111
Dec 7, 2012
12/12
by
CNBC
tv
eye 111
favorite 0
quote 0
but first we go under the radar for china. what new data beyond the great wall is suggesting about investment opportunities there. those stories and much more coming up on halftime. >> i think you know we upgrayed our exposure to china last week, so i kind of agree with some of the comments just made, the recent data reports look better in china. they have really outperformed. therefore that latter group is cheap. so we like increasing china exposure. >> that was morgan stanley's adam parker, one of the biggest bears on the street getting bullish right here on kwf hattime." jane ulrich joins us now with her 2013 outlook. it's nice to see you again. welcome. >> thank you very much. >> is it just me or has sentiment seemed to change better? >> absolutely. yes, indeed. i think november was actually the inflexion report for the chinese market and kmchinese economy. if you look at the data, pmi data are more positive. industrial production is up. retail sales are bouncing back. but more importantly i've been speaking to a lot of co
but first we go under the radar for china. what new data beyond the great wall is suggesting about investment opportunities there. those stories and much more coming up on halftime. >> i think you know we upgrayed our exposure to china last week, so i kind of agree with some of the comments just made, the recent data reports look better in china. they have really outperformed. therefore that latter group is cheap. so we like increasing china exposure. >> that was morgan stanley's...
61
61
Dec 28, 2012
12/12
by
CNBC
tv
eye 61
favorite 0
quote 0
i know the average income in china, 3500 to 4,000 u.s. dollars and the average home in beijing trades at 100 times income, that makes me a little nervous. you know more about asia than i do. >> when you get those average income numbers, that's encompassing a very vast country. when you look at the house prices on the eastern seaboard, places like shanghai and beijing, it's a small sliver obviously of that. it's not really apples and apples. it's apples and oranges. i don't know how to say that in chinese. i'm sure there's a fantastic saying to say it's not apples and apples. >> apparently our predictions are happening. the dow is coming back. i'm kidding. >> we're still down. we're back above 13,000. there you go. >> comeback. >> on the way to a record high. >> come back ten points, but it clearly is my prediction on a good dow next year. that can be the only reason. >> soak it up, baby. soak it up. >> yeah, right. >> come it up. i'm staying good-bye here. imheading off to the closing bell. up next what the fiscal cliff could mean for mom
i know the average income in china, 3500 to 4,000 u.s. dollars and the average home in beijing trades at 100 times income, that makes me a little nervous. you know more about asia than i do. >> when you get those average income numbers, that's encompassing a very vast country. when you look at the house prices on the eastern seaboard, places like shanghai and beijing, it's a small sliver obviously of that. it's not really apples and apples. it's apples and oranges. i don't know how to say...
70
70
Dec 10, 2012
12/12
by
CNBC
tv
eye 70
favorite 0
quote 0
china's corporate criminals who are often inditing wishable. we don't want to give the chinesing nomic sift apple larger footprint into american capitalism. secondly, this makes a mock rift green energy policies. the main rational for which was we don't want these so-called industries of the future controlled by foreign countries and by foreign companies. and here we are, transferring all of this property over to a chinese company. and there was an american buyer. there was an american buyer. an american-owned option. >> on that point, alan, is there any sensitive technology or information that is going to be given to the chinese through this trance ak. >> that's a great question, mandy. you are broadcasting from northern jersey, right sni think you recently you learned how important electricity grids are, right? when you don't have electrical power bb life becomes very bad. a123 is making product that helps control the electricity grid system. do we want the chinese owning this technology? the possibility for sabotage is after t astro nom cal.
china's corporate criminals who are often inditing wishable. we don't want to give the chinesing nomic sift apple larger footprint into american capitalism. secondly, this makes a mock rift green energy policies. the main rational for which was we don't want these so-called industries of the future controlled by foreign countries and by foreign companies. and here we are, transferring all of this property over to a chinese company. and there was an american buyer. there was an american buyer....
46
46
Dec 6, 2012
12/12
by
CNBC
tv
eye 46
favorite 0
quote 0
if china mobile extracts big concessions to the u.s. providers, then go back and do the same. that's the principal issue. the other thing you're coming to the most important quarter in apple's recent memory and that's because you've had so many product launches coming in this last quarter they've really got to hit the cover off the ball. having said all that i still think apple long-term is a value play here, i still think it's a growth play, so it's just the right time to get in. >> dennis? >> joe brighton brings up the topic of a generational circumstance. going back a generation to me this reminds me of what happened in the early 1970s when you had the wonderful nifty 50 stocks you were supposed to own forever, all of which are wonderful companies -- >> 1970s or 1870s? >> i look like i was from the 1870s but apple is a wonderful company but not a good stock at this point. you have to be careful here. >> stephanie, what do you do, sitting there at home watching what all of us say as america's best loved stock, most valuable company on earth and watch it fall as far as it's f
if china mobile extracts big concessions to the u.s. providers, then go back and do the same. that's the principal issue. the other thing you're coming to the most important quarter in apple's recent memory and that's because you've had so many product launches coming in this last quarter they've really got to hit the cover off the ball. having said all that i still think apple long-term is a value play here, i still think it's a growth play, so it's just the right time to get in. >>...
53
53
Dec 13, 2012
12/12
by
CNBC
tv
eye 53
favorite 0
quote 0
>> china, india, indonesia. infratruck tour and equipment is big. china is the biggest car market in the world but repair market just starting. that's why in the last four or five years we put 1500 people and five factories and new design center getting ready for the wave just building. >> good luck with your plans and thanks for being with us. >> meantime, union overseeing air traffic controllers warning members that one in ten could be laid off if america flies over the fiscal cliff. the national air traffic controllers association is dangling the threat of chaos, flight delays and higher ticket prices if the economy gez over. faa will have to absorb 8.2% automatic reduction if we good over the cliff. by the way, boone pickens just tweeted, i'm 80 and one place i've never bun is over the fiscal cliff. >> do they have the hills over there? any way, if you are one of the 15 million people with an ira account, listen up. herb thinks it is time to shake up your money. >> and apple tax, wait until you see how much americans voluntarily spend on apple w
>> china, india, indonesia. infratruck tour and equipment is big. china is the biggest car market in the world but repair market just starting. that's why in the last four or five years we put 1500 people and five factories and new design center getting ready for the wave just building. >> good luck with your plans and thanks for being with us. >> meantime, union overseeing air traffic controllers warning members that one in ten could be laid off if america flies over the...
233
233
Dec 29, 2012
12/12
by
CNBC
tv
eye 233
favorite 0
quote 0
i mean, can we be tough or russia because they're less important to us than say, china or saudi arabia? >> i think the russians would like us to be tougher. what is quite interesting is that vladimir putin might have stepped out too far on this issue. there are 600,000 orphans in russia right now which is more than they had during the time of world war ii. now, oftentimes the russians and russian public opinion can be quite anti-american except in this case almost 40% of russians actually support the act which when you consider it it's not a majority, but coming from a country that's often anti-american and public opinion that's really significant. >> when putin was signing the thing he said, so what if the living standards in other countries are better than ours? so what? i don't care. should we all move there? he doesn't really care. >> well, actually what he's touching on is another debate, a demographic debate which he is very worried about that many russians, young russians are leaving the country. russia's population is in decline. what president obama should do is stick to his g
i mean, can we be tough or russia because they're less important to us than say, china or saudi arabia? >> i think the russians would like us to be tougher. what is quite interesting is that vladimir putin might have stepped out too far on this issue. there are 600,000 orphans in russia right now which is more than they had during the time of world war ii. now, oftentimes the russians and russian public opinion can be quite anti-american except in this case almost 40% of russians actually...
78
78
Dec 13, 2012
12/12
by
CNBC
tv
eye 78
favorite 0
quote 0
the reality is is the rate of growth of china, if you look at the long-term prospects for china, they're extraordinary. you realize that china is just in the first phases of a long-term domestic development. they're building an infrastructure of transportation, building an infrastructure of consumption in so many different parts of the world. it's such -- so many different parts of the country. it's not just what shanghai, beijing does. it's what so many other parts of the world are doing. and i think the long term over the next 20 to 40 cleyears of development for china. >> thanks for coming on. william lauder, talk to you again soon. i mean, china, their overall story, steph, sounds pretty good. >> it does. >> whether it's chip that or here in the united states. do you run with that? >> it's trading at 23 times forward estimate. it's expensive. certainly great double-digit growth. they're doing a great job on margins. based on his comments, look at coach, 12 times forward estimates and they've got a great presence in china and trying to increase their market share. they've got a great
the reality is is the rate of growth of china, if you look at the long-term prospects for china, they're extraordinary. you realize that china is just in the first phases of a long-term domestic development. they're building an infrastructure of transportation, building an infrastructure of consumption in so many different parts of the world. it's such -- so many different parts of the country. it's not just what shanghai, beijing does. it's what so many other parts of the world are doing. and...
98
98
Dec 7, 2012
12/12
by
CNBC
tv
eye 98
favorite 0
quote 1
it's not going to china because they're becoming uncompetitive. >> exactly. i think a lot of companies are recognizing that the attraction is to do jobs here because it will be able to minimize their risk. there's a lot of concentration overseas particularly in india which historically has been the epicenter of all the i.t. jobs that have gone offshore. >> how much do you think this is going to start creating jobs back here in america. we see companies all the time onshoring as opposed to outsourcing. >> well, more and more and more they're bringing jobs back here. they are aware, if they're able to quantify all the hidden costs, all the indirect costs and they're able to see that it's actually more competitive to have people work here in the united states and in terms of cost, when you analyze all that, you really will see that it's actually about the same or even slightly cheaper to do it here now. >> isn't that kind of -- it's good that we're creating jobs, but isn't that kind of sad in the united states we're saying it is cheaper to do business all-in thi
it's not going to china because they're becoming uncompetitive. >> exactly. i think a lot of companies are recognizing that the attraction is to do jobs here because it will be able to minimize their risk. there's a lot of concentration overseas particularly in india which historically has been the epicenter of all the i.t. jobs that have gone offshore. >> how much do you think this is going to start creating jobs back here in america. we see companies all the time onshoring as...
168
168
Dec 3, 2012
12/12
by
CNBC
tv
eye 168
favorite 0
quote 0
on one side china data coming in better than expected overnight. there's a little more optimism about a greek resolution. in the other corner, continued worries about what else? tax hikes and spending cuts. notice i did not call it the fiscal cliff. so ultimately which wins out? let's ask gina sanchez, director of equity and asset allocation at rubini global economics. dan, i know you've been traveling, london, san fran, all parts in between last couple of weeks. how concerned are your clients about what's going to happen on january 1st? >> it's not so much that they're concerned about what happens on january 1st because i think the bulk of our meetings have focused on the fact that this isn't really a cliff so much as a lot of people have been saying a slope. more importantly to your first question, i have been on the road for the better part of 2 1/2 months now. i don't really get many questions or have many debates about greece or spain anymore. i think there's definitely a back burner element to what's going on in europe as people focus whether
on one side china data coming in better than expected overnight. there's a little more optimism about a greek resolution. in the other corner, continued worries about what else? tax hikes and spending cuts. notice i did not call it the fiscal cliff. so ultimately which wins out? let's ask gina sanchez, director of equity and asset allocation at rubini global economics. dan, i know you've been traveling, london, san fran, all parts in between last couple of weeks. how concerned are your clients...
183
183
Dec 11, 2012
12/12
by
CNBC
tv
eye 183
favorite 0
quote 1
we're bringing up apple in china. right now they're saying iphone 5 sales are running 50% ahead of what iphone 4 sales were in 2010. that's fairly significant if it turns out to be true. the source for that is macbook translating data from chinese. that's making the rounds. i think people are looking at this aspect of wait a minute. this is a whole growth market that maybe is not in all the -- people are bullish on the china story. but maybe not enough. i think that's giving it to credence here. >> stocks off session highs after those comments from speaker boehner. really, we're hanging in there truth be told. dow up 106 points. when "halftime" returns we zero in on the health of financial stocks from the floor and more companies announcing special dividends as the nation gets closer to the fiscal cliff deadline. deutsche bank top u.s. equity strategist david bianco tells us who can be next. >>> later, can amazon deliver more joy to investors as holiday crunch time takes a new level. shares up 45% this year. we debate
we're bringing up apple in china. right now they're saying iphone 5 sales are running 50% ahead of what iphone 4 sales were in 2010. that's fairly significant if it turns out to be true. the source for that is macbook translating data from chinese. that's making the rounds. i think people are looking at this aspect of wait a minute. this is a whole growth market that maybe is not in all the -- people are bullish on the china story. but maybe not enough. i think that's giving it to credence...
257
257
Dec 12, 2012
12/12
by
CNBC
tv
eye 257
favorite 0
quote 0
it was just announced that china surpassed the u.s. in patent applications just last year. the r & d tax credit goes to hiring and expanding our r & d research. that and obama care, obama care just hit us by 19.5%. our medical costs are going up next year by 19.5%. so what can we do? we'll have to adjust our costs and get them in line. we compete in the worldwide economy, and our costs are going up. >> how much did that loss of the r & d tax credit cost your company as well? >> it cost us about 2.5%, 2% on the bottom line. >> and if the r & d tax credit does not come back, how many people might you have to let go next year? >> so what we have is we've got the 2%, 2.5% that we lost in the bottom line and obama care hitting us by 19.5%. our costs are going to go up 19.5% next year, so we believe, we'll probably have to cut two or three people just to overcome the extra cost that's going to hit our business in 2013 so we've got obama care going through. we're going to take on half that cost and pass half of that on to our employees. think about that. that means that our middle
it was just announced that china surpassed the u.s. in patent applications just last year. the r & d tax credit goes to hiring and expanding our r & d research. that and obama care, obama care just hit us by 19.5%. our medical costs are going up next year by 19.5%. so what can we do? we'll have to adjust our costs and get them in line. we compete in the worldwide economy, and our costs are going up. >> how much did that loss of the r & d tax credit cost your company as well?...
193
193
Dec 4, 2012
12/12
by
CNBC
tv
eye 193
favorite 0
quote 0
they said china would be it's second largest market. schultz talked about getting ip to the tea business. i mention all of this to understand that starbucks doesn't go in for idle chatter when it goes in for these meetings. it has a track record of following through on these plans. we want to know how the us business is doing. and you need to hear about international. europe, don't forget, green mountain, it has been huge. starbu starbuck's should tell us what it is going to do with it's cash. they have the cash to do it. i prefer them to grow with the money. this is a major bone of contention. i think it is good. the bears, they seem to think that the coffee could be played out. starbucks will tell us about the new juice store concept. maybe it will give us insight to what could end up being one of the three top markets for the company india. i can't wait to hear about the projections about india. and of course they need to address teavana. i thought this could be a terrific move. seem to be quite popular. the earnings as early at 2013
they said china would be it's second largest market. schultz talked about getting ip to the tea business. i mention all of this to understand that starbucks doesn't go in for idle chatter when it goes in for these meetings. it has a track record of following through on these plans. we want to know how the us business is doing. and you need to hear about international. europe, don't forget, green mountain, it has been huge. starbu starbuck's should tell us what it is going to do with it's cash....
74
74
Dec 26, 2012
12/12
by
CNBC
tv
eye 74
favorite 0
quote 0
. >> and that was a china story, too. >> yeah, foot on the brake, hard, out of china, and that's why these coal names were so depressed. i don't think they come back, guy, but not come racing back and it's all because of the shale plays and that's why i think energy produced out of there is going to put a cap on how much of a rally we're going to see out of coal. >> how about jcpenney? anybody willing to take a bet? we had an analyst on "squawk on the street" on monday who visited stores over the weekend, said, you know what, the traffic was good. they went back to their promotion always and brought people back in. >> until there's an actual turn in the data, i don't care what a store looks like on a tuesday. i can't invest based on that. when we look at the data, technically, the stock's been acting a little better. there's a ton of shorts in this thing, though. that's hard to go by and there's just not turn yet. i'd rather buy the thing higher when there's some sense that the business has stabilized. i don't want to buy it here where we really have no idea when these metrics bottom
. >> and that was a china story, too. >> yeah, foot on the brake, hard, out of china, and that's why these coal names were so depressed. i don't think they come back, guy, but not come racing back and it's all because of the shale plays and that's why i think energy produced out of there is going to put a cap on how much of a rally we're going to see out of coal. >> how about jcpenney? anybody willing to take a bet? we had an analyst on "squawk on the street" on...
199
199
Dec 3, 2012
12/12
by
CNBC
tv
eye 199
favorite 0
quote 0
america owes more than $16 trillion to debtors like china and that number is growing by billions a day. we are spending $1 trillion a more than we take in every year. you can do the math on that and see if we didn't curb that trend. a day of reckoning will come. nearly 100% of the fight in washington has been about taxes and if we should be raising rates or getting revenue by limiting deductions for that same group. the president has dug in his heels on this issue. treasury secretary timothy geithner making it clear this weekend there will be no deal if rates do not go higher. i don't understand this insistence. if you want to get $100 from me do you care where i get it from? no. you just want your money and the white house is ready and willing to let america go over the cliff over the way the so-called wealthy pay more. something does not make sense here to me. something else makes less sense, namely that we are spending so much time and energy on the tax issue. if we are serious about cutting our deficit we must be having a frank discussion about medicare. the white house and gop hav
america owes more than $16 trillion to debtors like china and that number is growing by billions a day. we are spending $1 trillion a more than we take in every year. you can do the math on that and see if we didn't curb that trend. a day of reckoning will come. nearly 100% of the fight in washington has been about taxes and if we should be raising rates or getting revenue by limiting deductions for that same group. the president has dug in his heels on this issue. treasury secretary timothy...
210
210
Dec 6, 2012
12/12
by
CNBC
tv
eye 210
favorite 0
quote 0
, i think that -- >> china i think is showing growth. europe may not show growth in my lifetime, but they're going to be bailed out. do you think stock market -- i know it's had a mini correction since mid september, but it may be coming back now. question, does the stock market in its wisdom see a deal from washington on fiscal policy? >> i think that the stock market has already -- doesn't care about that anymore. we're on to the next thing. >> what is the next thing? >> even if they don't come the a deal, they will two weeks later. >> so might come in the new year. >> it might come in the new year. >> january, stocks are already discounting that. >> with band aids and glitter stickers, something is going to happen eventually. we have discounted that. this has been on the table for two years. this is not a new thing. it's their way of staying in the spotlight. >> question, apple which lost 6% today, apple is down about 24% since mid september. >> that's right. >> is apple the way -- you know, when we used to look at ge, the way we used
, i think that -- >> china i think is showing growth. europe may not show growth in my lifetime, but they're going to be bailed out. do you think stock market -- i know it's had a mini correction since mid september, but it may be coming back now. question, does the stock market in its wisdom see a deal from washington on fiscal policy? >> i think that the stock market has already -- doesn't care about that anymore. we're on to the next thing. >> what is the next thing?...
122
122
Dec 26, 2012
12/12
by
CNBC
tv
eye 122
favorite 0
quote 0
industrial metals that got a boost as we saw rallies in asia on hopes that maybe this new regime in china is going to be spending more helping to prop up the property department there, housing, than might mean more demand for industrial metals. copper today, the standout in part because of that. also, a different note, the s.e.c. ahead of the holiday delayed a decision on the proposed etf, according to the "wall street journal," the etf would hold twice as much copper in terms of holdings compared to the jpmorgan holding approved on december 14th. >> i think 182,000 physical tons they could take off the market. we'll revisit it later. for a moment, thank you. bob pisani is joining me on the floor of the nyse. the big discussion is about retail and what the figures from mastercard tell us. >> i just want to point out that the dow industrials dropped in the middle of the day. there had been some concern the house leadership which is all coming back now did not send out a 48-hour notice to their membership requiring all the members to show up and vote, even though there's no fiscal cliff dea
industrial metals that got a boost as we saw rallies in asia on hopes that maybe this new regime in china is going to be spending more helping to prop up the property department there, housing, than might mean more demand for industrial metals. copper today, the standout in part because of that. also, a different note, the s.e.c. ahead of the holiday delayed a decision on the proposed etf, according to the "wall street journal," the etf would hold twice as much copper in terms of...
126
126
Dec 13, 2012
12/12
by
CNBC
tv
eye 126
favorite 0
quote 0
goldman noting quote that recent soft china same store sales and resulting uncertainty provide a good entry point, shares of yum down more than 6%. >> inflexion point. doesn't that say it somewhere? >> inflexion? >> china, inflexion point. >> they need antibiotics. >> no, not that kind pf. >> oh, not that kind of one. >> so the stock will move based on increasing internal consumption. >> so you like the upgrade? >> i like the upgrade. >> jason is upgrading vera bradley. nice bags. very nice. we expect top line and continue that margin are are at a positive inflexion point. >> forget the inflexion point on this one. >> i think is concerning stock for me. they have been guiding revenue on see things down. they have a problem with inventory. i'm not a fan of this stock. >> the bagses, though. nice bags. >> they are nice bags. we will get you one for christmas. >> good to see you, man. all right. sue? >> you guys are having way too much fun up there without me. i'm getting jealous. let's go to sharon epperson. gold market down more than 20 degrees, below the 17 mark. sharon, how does it l
goldman noting quote that recent soft china same store sales and resulting uncertainty provide a good entry point, shares of yum down more than 6%. >> inflexion point. doesn't that say it somewhere? >> inflexion? >> china, inflexion point. >> they need antibiotics. >> no, not that kind pf. >> oh, not that kind of one. >> so the stock will move based on increasing internal consumption. >> so you like the upgrade? >> i like the upgrade....
152
152
Dec 1, 2012
12/12
by
CNBC
tv
eye 152
favorite 0
quote 0
some people are saying that china is also reinflating and they had a soft landing. then what about europe? i've seen some people touting europe. if you look at the financial fear indicators in europe, that crisis is basically over. >> well, yes, it is. i don't know if you can capture in the frame on the camera. what i'm doing here, i'm patting myself on the back. who is it who's been telling your viewers for two years every time there's one of these trumped-up crises in europe to buy it. now there's been a solution. europe has been stabilized. it's actually the brightest place for investors on the planet. i'm sorry you missed the bottom but it's not too late. you look at after hearing that segment on the u.s. government making the decision to debase paper coins by turning them into -- paper money by turning them into junk disposable paper coins? well what would you rather own? the ten-year american bond, treasury bond yielding what, 1.6%? or would you rather have a spanish bond denominated in the strongest currency in the world, the euro, paying 5.5%? i'll take spai
some people are saying that china is also reinflating and they had a soft landing. then what about europe? i've seen some people touting europe. if you look at the financial fear indicators in europe, that crisis is basically over. >> well, yes, it is. i don't know if you can capture in the frame on the camera. what i'm doing here, i'm patting myself on the back. who is it who's been telling your viewers for two years every time there's one of these trumped-up crises in europe to buy it....
172
172
Dec 27, 2012
12/12
by
CNBC
tv
eye 172
favorite 0
quote 0
i think china is coming out of some of their troubles. crude was up a fair amount yesterday. and if you look at, say, the crude chart and the caterpillar chart, they're very similar. big round trip from the lows of the summer, big high. but now we're building a base and if china is going to end up doing better, then all the infrastructure that caterpillar supports is going to be great for that company. >> yeah. housing, you saw that in the journal today, huh? that has to be -- that might offset, if we could get housing going again, that might offset a lot of things happening in d.c. >> great news about housing prices finally. although i'm also the kind of guy who thinks that actually a little inflation or actually a fair amount of inflation would be great for the housing market. for some people, it's the only way that they're going to get out of this situation they're in in housing. that is they're under water on their homes. for a nation of debtors, inflation is a great thing. it doesn't do a whole lot for savers. but if you're under water on your house, inflation might be t
i think china is coming out of some of their troubles. crude was up a fair amount yesterday. and if you look at, say, the crude chart and the caterpillar chart, they're very similar. big round trip from the lows of the summer, big high. but now we're building a base and if china is going to end up doing better, then all the infrastructure that caterpillar supports is going to be great for that company. >> yeah. housing, you saw that in the journal today, huh? that has to be -- that might...
233
233
Dec 28, 2012
12/12
by
CNBC
tv
eye 233
favorite 0
quote 0
. >> i've been reading kissinger's book on china, but he raises's broader question which is important. unfathomable as it is to americans there are parts of the world where they do not believe in alienable rights, right? they don't believe in human rights in the way that we do. >> exactly. and when we try to impose it on them they consider it a violation of their sovereignty. >> exactly. >> china feels that way often. russia, same thing. how far do we go in promoting human rights? the trade off that we'll get here. the law gets passed and human rights violators in russia can't come year and now 1,000 children don't come to the united states and people who want them don't get them. >> my personal view, no. they're glad to take our money and they've long had to put their money overseas, but they do not want human rights promotion and we've seen that inside russia and we've seen that against the crockdown on the internet and this is just the latest interaction of the series of things going back for more than a year against the political opposition and what they see is the u.s.-sponsored
. >> i've been reading kissinger's book on china, but he raises's broader question which is important. unfathomable as it is to americans there are parts of the world where they do not believe in alienable rights, right? they don't believe in human rights in the way that we do. >> exactly. and when we try to impose it on them they consider it a violation of their sovereignty. >> exactly. >> china feels that way often. russia, same thing. how far do we go in promoting...
198
198
Dec 13, 2012
12/12
by
CNBC
tv
eye 198
favorite 0
quote 0
look at equities with a little bit of a china exposure because china is starting to bottom a little bit, we think, so that's where i would focus. the number one thing and the greatest clarity i have in 26 years in this business, stay away from interest rate sensitive bonds and stay away from bond funds, and that's what you need to be doing right this moment. >> so you go on equities then, all in in equities then? >> let me tell you, if you're going to be an investor for longer than two years, stay away. if you need fixed income, run away from interest rate sensitive bonds. >> what about the fiscal cliff, you think we get a deal by the end of next week? we going to get a deal? >> i don't see a long-term deal. >> it's pretty easy to come to that conclusion, brian, given the fact that they have had 13 months to discuss this and think about it and now we're down to 18 days to deal with medicare, medicaid and defense spending, what, social security, taxes. what else can we throw into the bucket? >> yeah. you can just throwing more and more in. i think it's clear that they won't be able to co
look at equities with a little bit of a china exposure because china is starting to bottom a little bit, we think, so that's where i would focus. the number one thing and the greatest clarity i have in 26 years in this business, stay away from interest rate sensitive bonds and stay away from bond funds, and that's what you need to be doing right this moment. >> so you go on equities then, all in in equities then? >> let me tell you, if you're going to be an investor for longer than...
118
118
Dec 21, 2012
12/12
by
CNBC
tv
eye 118
favorite 0
quote 0
where is that coming from because i see china coming back a little, maybe europe's done going down, we seem to be a little bit stalled. somebody's building something around this world. >> i think it's a matter of jabil being very competitive in the markets that we serve and having sufficient diversification so that if one part of our business, for instance networking or telecommunications may be going through a lull or a slower period with government spending and business spending, capital spending down, we have some other parts of our business that are doing extremely well. you mentioned some of the mechanics business we're involved in which we call our materials technology group. that has nothing to do with electronics so we don't have to sell any electronic hardware for those businesses to perform well. parts of our business really are a reflection of the economy and other parts of our business are growing very robustly. so i'm very hopeful for the balance of the year and, you know, i think the company is diversified enough to take advantage of whatever opportunities are out there.
where is that coming from because i see china coming back a little, maybe europe's done going down, we seem to be a little bit stalled. somebody's building something around this world. >> i think it's a matter of jabil being very competitive in the markets that we serve and having sufficient diversification so that if one part of our business, for instance networking or telecommunications may be going through a lull or a slower period with government spending and business spending,...
274
274
Dec 26, 2012
12/12
by
CNBC
tv
eye 274
favorite 0
quote 0
we closed down our manufacturing in china and relocated it in the usa. for other companies to follow our lead, they need to trust our leaders in washington will actually lead. think outside the box, great incentive for businesses to invest in the u.s. economy. we believe the more you know, the better you trade. so we have ongoing webinars and interactive learning, plus, in-branch seminars at over 500 locations, where our dedicated support teams help you know more so your money can do more. [ rodger ] at scottrade, seven dollar trades are just the start. our teams have the information you want when you need it. it's another reason more investors are saying... [ all ] i'm with scottrade. what starts with adding a friend... ♪ ...could end with adding a close friend. the lexus december to remember sales event is on. this is the pursuit of perfection. >>> financials have been on fire for most of 2012. but interest rates and regulation are still putting some profit margins under pressu pressure. here's what's in store for 2013. >> reporter: after a year's lo
we closed down our manufacturing in china and relocated it in the usa. for other companies to follow our lead, they need to trust our leaders in washington will actually lead. think outside the box, great incentive for businesses to invest in the u.s. economy. we believe the more you know, the better you trade. so we have ongoing webinars and interactive learning, plus, in-branch seminars at over 500 locations, where our dedicated support teams help you know more so your money can do more. [...
248
248
Dec 4, 2012
12/12
by
CNBC
tv
eye 248
favorite 0
quote 1
china is okay. a lot of talk some institutional people might begin selling at this point because certainly retail investors in the u.s. are definitely buying the gold through the gld right now. the fiscal cliff very quickly here because the general consensus outlines of a deal out there. i know it doesn't sound that way. they're far apart. blah-blah. here is the idea. elements are emerging, folks, higher tax rates. nobody down here doesn't think there isn't going to be. if it's not 39% for the top 2%, it'll be 38%. some kind of compromise in the a area. the bad news and i've said this several times, the era of american austerity is beginning now and everybody is starting to realize that. the question is what's it going to look like? the good news is it's likely to be a gentle austerity, if i can say that, in 2013 and probably 2014 depending on the spending cuts. and there will be some cushion. the fed likely will continue its q/e program. they'll likely continue that during their meeting on december
china is okay. a lot of talk some institutional people might begin selling at this point because certainly retail investors in the u.s. are definitely buying the gold through the gld right now. the fiscal cliff very quickly here because the general consensus outlines of a deal out there. i know it doesn't sound that way. they're far apart. blah-blah. here is the idea. elements are emerging, folks, higher tax rates. nobody down here doesn't think there isn't going to be. if it's not 39% for the...
225
225
Dec 14, 2012
12/12
by
CNBC
tv
eye 225
favorite 0
quote 0
china stocks having a bit of a comeback year. in other words, as a global guide, there are options to playing this fiscal cliff game here in new york. >> absolutely. you don't have to just trade the s&p 500. i mean, look at tonight, you're seeing australia up a third of a point. the japanese yen is doing very well. look at hong kong. if you want to take what the federal reserve did and apply it internationally, look at hong kong. their monetary policy is pegged to what the federal reserve does. but they have an inflation issue and their economy is tied to china. so if you buy something like ewh, the hong kong etf, all those stocks are priced in hong kong dollars. if the hong kong dollar is repegged, the ewh will go up as much as the repegging. >> what does that mean for the u.s. market? where are you on the u.s. market right now? >> you know, i think right now, probably to the end of year, if we can get some kind of movement on this fiscal cliff, you have a real potential for a pop, 3%, 4%, 5%. unfortunately, as i look to 2013, i
china stocks having a bit of a comeback year. in other words, as a global guide, there are options to playing this fiscal cliff game here in new york. >> absolutely. you don't have to just trade the s&p 500. i mean, look at tonight, you're seeing australia up a third of a point. the japanese yen is doing very well. look at hong kong. if you want to take what the federal reserve did and apply it internationally, look at hong kong. their monetary policy is pegged to what the federal...
231
231
Dec 7, 2012
12/12
by
CNBC
tv
eye 231
favorite 0
quote 0
of china." serious question, do you think actual's doing this for politics or economics? >> actually both. but when you look at china, though, their manufacturing days are over. americans are less produmore pr less prone to strike -- >> are you sure american works are less prone to strike? we've reported on this show a whole bunch of strikes, including the hostess twinkie companies, the ports of los angeles and out on the west coast. we have obama in the white house. the unions are going whild here. in all seriousness, i don't think unions are any more placid here than they are in china. >> but in china, workers go out on wildcat strikes all the time. foxconn which manufactures about 97% of apple's products, they've been really subject to labor troubles, from suicides to strikes. so i think apple is starting to see that there are some really important economic reasons to manufacturing. they're not the only company doing that. >> is it robots they're going -- i was told that apple is going into a
of china." serious question, do you think actual's doing this for politics or economics? >> actually both. but when you look at china, though, their manufacturing days are over. americans are less produmore pr less prone to strike -- >> are you sure american works are less prone to strike? we've reported on this show a whole bunch of strikes, including the hostess twinkie companies, the ports of los angeles and out on the west coast. we have obama in the white house. the unions...
166
166
Dec 14, 2012
12/12
by
CNBC
tv
eye 166
favorite 0
quote 0
and china, they played hard ball in china. anybody who has played hardball in china has not succeeded. like google. first amendment, you know, tiananmen square. what's the first amendment in china, i don't think it's free speech. >> i don't think so. >> interstate commerce is as powerful as anything. >> tear down a neighborhood at any moment. >> another $156 million shares eligible for social, the social network rallied after last month's expiration and shares up 25% since the middle of november. november 14th, we went into it thinking we'd get hurt. it ended up 12.6% that day, up 250. >> it did decline prior to that, in anticipation of the expiration. >> after a big run. it's got to digest. again, this is an interest per share situation. things are done at facebook that would justify the stock going higher. the short base was gigantic. do you sense a big run? >> i think the dynamic did change after the last quarter. and the discussion you talked about, we talked about it a great deal, what the trends really appeared to be in
and china, they played hard ball in china. anybody who has played hardball in china has not succeeded. like google. first amendment, you know, tiananmen square. what's the first amendment in china, i don't think it's free speech. >> i don't think so. >> interstate commerce is as powerful as anything. >> tear down a neighborhood at any moment. >> another $156 million shares eligible for social, the social network rallied after last month's expiration and shares up 25%...
305
305
Dec 11, 2012
12/12
by
CNBC
tv
eye 305
favorite 0
quote 0
china is still positive in the fourth quarter. china is going to show a slow and steady improvement. so we need those. >> higher expectations stronger in the likes of taiwan, india and brazil. let's go back to where you say they're weakest. greece, italy, spain, the netherlands. this is a very weak feature, indeed. how bad in it? >> it's bad. the eurozone is the global economic problem now. if you look at asia where i just returned from, both countries are feeling optimistic. but they seem to be inwardly focused now by being a triangle of china, india, indonesia. we're not seeing a great benefit into europe as we did before. for instance, germany is looking pretty pessimistic. based on its lack of export performance to places like china. >> yeah. when the bundes bank came out and shortly downgraded forecasts, how is the employment picture? if you've got a relatively healthy china and the u.s. consumer bounce back, wouldn't that help germany? >> it certainly would. germany is relatively flat in terms of the employment outlook. so i
china is still positive in the fourth quarter. china is going to show a slow and steady improvement. so we need those. >> higher expectations stronger in the likes of taiwan, india and brazil. let's go back to where you say they're weakest. greece, italy, spain, the netherlands. this is a very weak feature, indeed. how bad in it? >> it's bad. the eurozone is the global economic problem now. if you look at asia where i just returned from, both countries are feeling optimistic. but...
324
324
Dec 11, 2012
12/12
by
CNBC
tv
eye 324
favorite 0
quote 0
we can talk china. europe's been left behind. the only thing that's keeping us back is any deal. just get any deal if we can get 4% growth? >> it has to be a real deal that's north of $4 trillion. here's where kent and i might disagree. i agree that we can get to a grand bargain but it has to be one in my case where you've actually made the decisions. i'm not going to do another process bill, i'm sorry. you know -- >> meaning -- >> i want -- let's implement the policies right now. i don't want to set up another committee, i don't want to give directions to committees to come back. you know there's an old adage here in the senate, there's nothing to be learned from the second kick in the shin from a mule. okay? we've already been down the path of a process. we had 12 really smart folks, six on each side, and i'm not willing to go down that route again. i want us to make the decisions now, i want the entitlement reforms put in place now, and i hope that speaker boehner will not negotiate a way the debt ceiling until those specific reforms are in place. that's been missing in this d
we can talk china. europe's been left behind. the only thing that's keeping us back is any deal. just get any deal if we can get 4% growth? >> it has to be a real deal that's north of $4 trillion. here's where kent and i might disagree. i agree that we can get to a grand bargain but it has to be one in my case where you've actually made the decisions. i'm not going to do another process bill, i'm sorry. you know -- >> meaning -- >> i want -- let's implement the policies right...
279
279
Dec 28, 2012
12/12
by
CNBC
tv
eye 279
favorite 0
quote 1
it's the second largest port to handle manufactured goods from china. it's also the largest port on the east coast. now, last year this port handled $208 billion in cargo. we're talking about products like furniture and also apparel. in 2002, we saw a west coast port lockout. estimates suggest that that cost the economy $1 billion a day. and as with the fiscal cliff, there's a political angle with the container cliff as well. business groups are asking president obama to use his emergency powers under taft hartley to prevent a strike. president bush did that back about ten years ago. while a strike will cause major disruptions, there are alternatives for transporting goods, rail and also air are options, but of course those options are not cheap. >> back in november, our members started putting contingency plans into place. the options were either divert containers to west coast ports, bring merchandise in earlier, use canada or mexico, or use air freight. but all of those come at a significant cost as well. >> now, the deadline is 12:01 tomorrow night.
it's the second largest port to handle manufactured goods from china. it's also the largest port on the east coast. now, last year this port handled $208 billion in cargo. we're talking about products like furniture and also apparel. in 2002, we saw a west coast port lockout. estimates suggest that that cost the economy $1 billion a day. and as with the fiscal cliff, there's a political angle with the container cliff as well. business groups are asking president obama to use his emergency...
286
286
Dec 10, 2012
12/12
by
CNBC
tv
eye 286
favorite 0
quote 1
numbers came out saturday for china. i think italy has been remarkably good. so this was a big game changer. italy had been a part of the good story of european recovery. now it's back. >> all to monti was never intended to be there for the long term. >> sure. >> in fact, he may be leaving a month earlier than originally planned. this should not be a surprise in the larger context. while we may mention berlusconi's name right now, he's not expected to win. >> look, we knew that monti was successful. >> it may be whoever follows him is going to roll some of the gains that he's had. so-called gains. >> that's going to cause ripples here. look, on saturday night, i said, we're going to have a nice opening. china's good, people know that monti is not really going to hurt italy. i think if china continues the momentum, but the number -- >> the ex sports were less than expected in the month of november. which is a concern. then there's this perverse glass half full, that some data comes in lower, it might fuel the case for sti
numbers came out saturday for china. i think italy has been remarkably good. so this was a big game changer. italy had been a part of the good story of european recovery. now it's back. >> all to monti was never intended to be there for the long term. >> sure. >> in fact, he may be leaving a month earlier than originally planned. this should not be a surprise in the larger context. while we may mention berlusconi's name right now, he's not expected to win. >> look, we...
270
270
Dec 10, 2012
12/12
by
CNBC
tv
eye 270
favorite 0
quote 1
this proposal also won the backing of russia and china at a conference in dubai. the pitch for direct regulation came as an unwelcome surprise to delegations from the united states and other countries that have supported the current system of regulation for the internet. when we come back, the near-term economic impact of america's debt crisis, we'll convene our "squawk" economic panel. nathan sheets and ian shepherdson on growth in 2013. right now, take a look at the equity futures. down by about 13 points. the s&p futures down by 3 points. ...so as you can see, geico's customer satisfaction is at 97%. mmmm tasty. and cut! very good. people are always asking me how we make these geico adverts. so we're taking you behind the scenes. this coffee cup, for example, is computer animated. it's not real. geico's customer satisfaction is quite real though. this computer-animated coffee tastes dreadful. geico. 15 minutes could save you 15 % or more on car insurance. someone get me a latte will ya, please? >>> welcome back to "squawk box," everyone. let's get a look at som
this proposal also won the backing of russia and china at a conference in dubai. the pitch for direct regulation came as an unwelcome surprise to delegations from the united states and other countries that have supported the current system of regulation for the internet. when we come back, the near-term economic impact of america's debt crisis, we'll convene our "squawk" economic panel. nathan sheets and ian shepherdson on growth in 2013. right now, take a look at the equity futures....
333
333
Dec 11, 2012
12/12
by
CNBC
tv
eye 333
favorite 0
quote 0
things in china are settling out with the trance in addition that leadership and we see sequentialal improvement there. as we go into '13, we see a very strong story for did you possibility. we see strength in agriculture, nutrition, advanced materials, industrial biosciences. those businesses' earnings will be up in the high teens here year over year. that will be overshadowed by a cyclical business. our performance chemical segments, going to lose six to seven points of margin in 2013 versus 2012, so when you add it all up, we believe next year we'll see low to mid single digit earnings improvement. >> does any of this include expectations about the fiscal cliff? i mean, if we go over the fiscal cliff and don't have a debt deal by year end, what you will to cut jobs? what's the impact on dupont if we don't get a resolution in time in. >> it's hard to predict because it's hard to know. i do think if there's an issue and we don't avert a cliff i think we as a country will react quickly. i criit will have an impact. i along with many of my peers have been advocating very strongly to r
things in china are settling out with the trance in addition that leadership and we see sequentialal improvement there. as we go into '13, we see a very strong story for did you possibility. we see strength in agriculture, nutrition, advanced materials, industrial biosciences. those businesses' earnings will be up in the high teens here year over year. that will be overshadowed by a cyclical business. our performance chemical segments, going to lose six to seven points of margin in 2013 versus...
183
183
Dec 11, 2012
12/12
by
CNBC
tv
eye 183
favorite 0
quote 1
it may have had room to run, more so from palladium and the positive data from china. back to you. >> sharon, thank you very much. breaking news to brian shactman, nfl bounty case. brian. >> nine months after this story broke, paul announced he's vacating all penalties on four players. they are exonerated. the key here is the players were not in favor of tagliabue doing this. spent three years, 50,000 pages of documents indicting players. they exonerated them. two of them might return to play this season. >> thank you very much, brian shactman. >> to nasdaq, bertha coombs following big movers there. we have the advance there as well. >> we do. nasdaq 100 outperforming thanks to apple's recovery. off of the highs of the day. nonetheless it is contributing about a third of the outside impact to the nasdaq 100. facebook will be added tomorrow. watch that going into the close. it will be trading in the nasdaq, emphasis trades over at nyc. yahoo! has a mobile app for mail. today at a four-year high. that stock continues momentum. couple of deal-based stocks, trip adviser wi
it may have had room to run, more so from palladium and the positive data from china. back to you. >> sharon, thank you very much. breaking news to brian shactman, nfl bounty case. brian. >> nine months after this story broke, paul announced he's vacating all penalties on four players. they are exonerated. the key here is the players were not in favor of tagliabue doing this. spent three years, 50,000 pages of documents indicting players. they exonerated them. two of them might...
215
215
Dec 12, 2012
12/12
by
CNBC
tv
eye 215
favorite 0
quote 1
they love coal in china. i don't want to make a judgment on whether that's -- but they are huge coal plant builders there. huge. >> an important one to watch. we'll talk about a bunch more after the break. what does goldman have to say about the state of the economy. we'll get that exclusive a little bit later in the show. costco, as we said, set to open higher after that better than expected number. will other retailers follow suit. we'll get the answer when the opening bell rings in just about 4 1/2 minutes. if you think running a restaurant is hard, try running four. fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. make your mark with ink from ch [ male announcer ] this is steve. he loves risk. but whether he's climbing everest, scuba diving the great barrier reef with sharks, or jumping into the market, he goes with
they love coal in china. i don't want to make a judgment on whether that's -- but they are huge coal plant builders there. huge. >> an important one to watch. we'll talk about a bunch more after the break. what does goldman have to say about the state of the economy. we'll get that exclusive a little bit later in the show. costco, as we said, set to open higher after that better than expected number. will other retailers follow suit. we'll get the answer when the opening bell rings in...
206
206
Dec 4, 2012
12/12
by
CNBC
tv
eye 206
favorite 0
quote 0
china. >> today's news of the big four being challenged by the sec. china -- at least japan's a democracy. >> you're lucky you were blowing the whistle in japan and not china. you wouldn't be here. >> a good point. >> it's a crazy story. i still can't get over -- >> the author of republicans at the gate did a review in the new york times and he said this story compares with a john grisham knowledge and it does. >> what was the 700 million, fees paid to banks? >> it was just false fees. one piece of paper. >> and who ended up lining the pockets here? >> the money went to the cayman islands. so we'll a never know the truth. part of it was just to try to use off balance sheet vehicles to write them down. >> this former ceo, has he got cayman island accounts? >> i don't think there's any evidence of personal gain. no evidence of that. but last month in japan -- >> who was the owner of cayman island accounts? >> we'll never know all the truth. we'll never know all the truth unfortunately. but the
china. >> today's news of the big four being challenged by the sec. china -- at least japan's a democracy. >> you're lucky you were blowing the whistle in japan and not china. you wouldn't be here. >> a good point. >> it's a crazy story. i still can't get over -- >> the author of republicans at the gate did a review in the new york times and he said this story compares with a john grisham knowledge and it does. >> what was the 700 million, fees paid to banks?...
796
796
Dec 31, 2012
12/12
by
CNBC
tv
eye 796
favorite 0
quote 1
okay, you renounce the 35-hour week or we take your jobs and we send them to hungary, poland, if not china. >> so there should be huge political support then to change it. >> um, there is not a huge political support to change it. >> why not? >> because it's seen as a sort of entitlement now. >> people see it as their right. >> exactly. >> "i'm only gonna work 35 hours a week and that's it." >> exactly. >> no, no, no! >> so no french politician would even dare to suggest fundamental reform, like trimming that guaranteed five weeks of vacation. and american melchior ray has been won over. she's talked herself into the idea that the french way of working, rather, not working, translates into good economic sense. >> people came back, and it was like everyone had had ten shots of espresso. they were just ready to go. they were like ever ready bunnies. everyone was going tog
okay, you renounce the 35-hour week or we take your jobs and we send them to hungary, poland, if not china. >> so there should be huge political support then to change it. >> um, there is not a huge political support to change it. >> why not? >> because it's seen as a sort of entitlement now. >> people see it as their right. >> exactly. >> "i'm only gonna work 35 hours a week and that's it." >> exactly. >> no, no, no! >> so...
252
252
Dec 27, 2012
12/12
by
CNBC
tv
eye 252
favorite 0
quote 1
. >> people watching not just january but china. ir ir ir iron oar a lot. >> let's get more insight from steve from web bush securities. how much of a nail biter is this for you in terms of fiscal cliff and the markets? >> i think pretty clear at this point that if there's a deal coming, it's gonna be coming very, very soon. i think the markets discounted the fact we are going to get some sort of deal t has held up fairly well here and i think if we don't get a deal, we will see a selloff. i don't know how considerable, but certainly see the 2, 3% decline in the market. >> does it amaze you, steve, that the markets, in your view, still consider a given that we are going to reach a deal? here we are thursday, december 27th. they still haven't issued a 48-hur notice for congress to return to capitol hill and yet you're saying the markets have baked in some sort of deal? >> yeah, i think so. i don't in he isly think the deal happened december 31st. if we pass waite without a deal earthquake the market will think something is going to h
. >> people watching not just january but china. ir ir ir iron oar a lot. >> let's get more insight from steve from web bush securities. how much of a nail biter is this for you in terms of fiscal cliff and the markets? >> i think pretty clear at this point that if there's a deal coming, it's gonna be coming very, very soon. i think the markets discounted the fact we are going to get some sort of deal t has held up fairly well here and i think if we don't get a deal, we will...
291
291
Dec 6, 2012
12/12
by
CNBC
tv
eye 291
favorite 0
quote 0
of big caterpillar equipment and talk about what's going on in china and i hope we get back to that. you're right that's all we're talking about instead of talking about caterpillar and what you do well as a great company. >> thank you. again, every time i come to the floor it's the hub of our greatness in this country of business. it's why we're here. it's really fun and exciting and let answer get into '13 and get into real things. i'm with you, joe. >> i know, but this deal has to play in peoria. >> it will play. >> compared to what you got in illinois now anything looks good. thanks. >> okay. >>> the executive chef tpz at jpmorgan the bank naming two chief officers to oversee things like anti-moneying. kayla tausche joins us. >> the person to watch everyone watching is looking at jez staly, he was chairman as of july largely viewed as a swank song role that rivals have taken note of. there were discussions over the ceo at legg mason, the baltimore asset manager. the talks fell apart and staly was the top of the short list for the board and recruiters after being serious talks for
of big caterpillar equipment and talk about what's going on in china and i hope we get back to that. you're right that's all we're talking about instead of talking about caterpillar and what you do well as a great company. >> thank you. again, every time i come to the floor it's the hub of our greatness in this country of business. it's why we're here. it's really fun and exciting and let answer get into '13 and get into real things. i'm with you, joe. >> i know, but this deal has...
128
128
Dec 28, 2012
12/12
by
CNBC
tv
eye 128
favorite 0
quote 0
we closed down our manufacturing in china and relocated our manufacturing to the usa. for other companies to consider following our lead, they need to trust that our leaders in washington will actually lead. think outside the box. create incentive for businesses to invest in the u.s. economy. tdd# 1-800-345-2550 you should've seen me today. tdd# 1-800-345-2550 when the spx crossed above its 50-day moving average, tdd# 1-800-345-2550 i saw the trend. tdd# 1-800-345-2550 it looked really strong. tdd# 1-800-345-2550 and i jumped right on it. tdd# 1-800-345-2550 tdd# 1-800-345-2550 since i've switched to charles schwab... tdd# 1-800-345-2550 ...i've been finding opportunities like this tdd# 1-800-345-2550 a lot more easily. tdd# 1-800-345-2550 like today, tdd# 1-800-345-2550 i was using their streetsmart edge trading platform tdd# 1-800-345-2550 and i saw a double bottom form. tdd# 1-800-345-2550 i called one of their trading specialists tdd# 1-800-345-2550 and i bounced a few ideas off of him. tdd# 1-800-345-2550 they're always there for me. tdd# 1-800-345-2550 and i've g
we closed down our manufacturing in china and relocated our manufacturing to the usa. for other companies to consider following our lead, they need to trust that our leaders in washington will actually lead. think outside the box. create incentive for businesses to invest in the u.s. economy. tdd# 1-800-345-2550 you should've seen me today. tdd# 1-800-345-2550 when the spx crossed above its 50-day moving average, tdd# 1-800-345-2550 i saw the trend. tdd# 1-800-345-2550 it looked really strong....
143
143
Dec 21, 2012
12/12
by
CNBC
tv
eye 143
favorite 0
quote 0
china not as bad as we though, u.s. very strong. so nike, if it goes back to 97, it means we're going to have a real bad couple of days in my view. look at red hat. red hat is a technology company that is deeply involved in the cloud. they, too, had a better than expected number, as did oracle in the cloud. so these are my two tales for the trading today, david. if you pick the best of the best and they go down, you'll really have a couple of -- >> when it comes to the so-called cloud play and the use of it in the competition here, is that one of the key names? >> yes, it allows you to manage cloud in a cheap -- an anti-microsoft business. their partner is sales force.com. i'm really using these as tells. in other words, these are the ones where there's natural buyers. as we just found out how good things are. it wasn't like we found out a month ago. we just found out last night. if they have resilience, the market is going to be more resilient than people think. if they give up the ghost, i think next week's going to be difficult,
china not as bad as we though, u.s. very strong. so nike, if it goes back to 97, it means we're going to have a real bad couple of days in my view. look at red hat. red hat is a technology company that is deeply involved in the cloud. they, too, had a better than expected number, as did oracle in the cloud. so these are my two tales for the trading today, david. if you pick the best of the best and they go down, you'll really have a couple of -- >> when it comes to the so-called cloud...
279
279
Dec 7, 2012
12/12
by
CNBC
tv
eye 279
favorite 0
quote 0
among the catalysts were that china's economy is stabilizing. the nikkei hit a seven-month closing high yesterday. and in europe you can see the markets are indicated slightly lower but, again, these are the same sort of moves in the futures here. a lot could depend on what happens at 8:30. >> why are you shaking your head, joe? >> nothing. i was getting info. >>> a new survey by potomac research group finds 60% of leading investment professionals predict a sharp decline in the economy if the government fails to make a deal. it's defined as a more than 10% drop in the dow. he's still shaking his head. the group polled hedge fund and pension funds and money market managers and 56% surveyed said a deal to avoid the fiscal cliff by year end. 44% predict failure in the ongoing negotiations. >>> let's get back to the jobs report due out, in less than 30 minutes, joining us now is mark zandi, chief economist at moody's analytics and jared bernstein former economic adviser to vice president joe biden. he has the finest nod and smile when he's introduce
among the catalysts were that china's economy is stabilizing. the nikkei hit a seven-month closing high yesterday. and in europe you can see the markets are indicated slightly lower but, again, these are the same sort of moves in the futures here. a lot could depend on what happens at 8:30. >> why are you shaking your head, joe? >> nothing. i was getting info. >>> a new survey by potomac research group finds 60% of leading investment professionals predict a sharp decline in...